Business News Northeast - Latest Business Northeast News & Updates

20 Jul

Bandhan Bank rolls out EPFO-integrated PF payment service for businesses

Business BureauBusiness

Bandhan Bank has launched an integrated Provident Fund (PF) payment service for its business customers by connecting its digital banking platforms with the Employees' Provident Fund Organisation (EPFO), enabling seamless statutory PF payments. The new facility allows establishments to initiate PF payments through the EPFO portal and complete transactions via Bandhan Bank's internet banking platform, offering real-time transaction confirmations and instant challan downloads for faster processing and improved operational efficiency.The bank said the integration is designed to simplify compliance-related processes, streamline statutory payments and help businesses optimise cash flows while ensuring timely adherence to EPFO requirements. The initiative forms part…

20 Jul

Montra Electric enters West Bengal with first e-SCV dealership in Kolkata

Business BureauBusiness

Montra Electric, the electric commercial vehicle arm of TI Clean Mobility Pvt. Ltd. under the Murugappa Group, has expanded its footprint in eastern India with the inauguration of its first electric small commercial vehicle (e-SCV) dealership in West Bengal at Howrah, Kolkata. Established in partnership with Next Drive Mobility, the new facility will function as a one-stop centre for sales, service and spare parts as the company seeks to strengthen its presence in the rapidly growing electric mobility market. The launch comes as Montra Electric's EVIATOR fleet crossed 1,000 vehicles nationwide. Its EVIATOR 350L, introduced in January 2025, has captured…

20 Jul

L&T Expands Metals & Minerals Portfolio with New EPC Contracts

nanikaBusiness

Larsen & Toubro (L&T) has secured multiple Engineering, Procurement and Construction (EPC) orders from leading domestic metals and mining companies, strengthening its presence in India’s industrial infrastructure sector. The company’s Metals & Minerals (M&M) business has received a significant order from India’s largest iron ore producer, a public sector enterprise, for Package #BE-01C of an 18 million tonnes per annum (MTPA) iron ore handling plant in Chhattisgarh. The project forms part of the miner’s ambitious expansion programme aimed at increasing its iron ore production capacity to 100 MTPA by 2030. The scope of work awarded to L&T includes detailed design…

20 Jul

Johnson’s®️ Baby introduces Milk & Rice range for gentle newborn skincare

Business BureauBusiness

Parents looking for new skincare options for their babies have another choice with Johnson’s®️ Baby launching its new Milk & Rice Range, a product line inspired by the nourishing qualities of milk and rice. Alongside the launch, the company has introduced its 'PoshanKaPehlaSparsh' campaign, drawing on the traditional Indian Annaprashan, or MukheBhaat, ceremony to highlight the importance of caring for a baby's delicate skin from Day 1 through its 'Food for Skin Ritual' concept. The Johnson’s®️ Baby Milk & Rice Range includes Soap, Wash & Shampoo, Lotion and Face & Body Cream, formulated with milk proteins, rice bran protein, Vitamin…

20 Jul

YES BANK Q1FY27 Profits Jump 34% Driven by Robust Core Income and Lower Credit Costs

anuprovaBusiness

YES BANK delivered a strong financial performance for the first quarter of the fiscal year 2026–27, reporting a stellar 34% year-on-year surge in standalone net profit. The impressive earnings growth was primarily fueled by sustained momentum in core net interest income and a significant reduction in provisioning requirements, signaling a healthier balance sheet and improved operational efficiency. Investors and market analysts welcomed the results, which highlight the private lender's ongoing post-restructuring stabilization and its ability to capture higher yields despite intense industry-wide competition for deposits. The bank's core net interest income (NII) registered robust growth, supported by steady loan expansion…

20 Jul

PAN Health expands manufacturing and product portfolio to tap India’s growing hygiene market

Business BureauBusiness

PAN Health is stepping up investments in manufacturing and product innovation as it seeks to capture rising demand in India's fast-growing personal hygiene market. The company, which operates flagship brands Little Angel, Everteen and Liberty, is expanding its offerings across baby care, women's hygiene and adult care while reinforcing its commitment to the Government of India's 'Make in India' initiative. At the centre of its growth strategy is its Rajkot, Gujarat-based manufacturing facility, which the company describes as India's largest for disposable personal hygiene products. Spread across more than 30 acres with over 700,000 sq. ft. of manufacturing infrastructure, the…

18 Jul

Reserve Bank of India Slaps Monetary Penalties on Six Financial Companies

nanikaBusiness

The Reserve Bank of India (RBI) has intensified its regulatory oversight by announcing monetary penalties on six companies, including the prominent non-banking financial company (NBFC) Muthoot Finance, for failing to comply with various regulatory directives. According to official notifications released by the central bank on Friday, the penalties were levied due to distinct operational and structural gaps discovered during supervisory evaluations. Among the penalised institutions, Muthoot Finance was slapped with a fine of ₹5.80 lakh. The central bank stated that the gold loan major failed to put in place a system for the periodic review of risk categorisation of accounts.…

17 Jul

Piaggio launches Apé WavE to expand affordable electric passenger mobility

Business BureauBusiness

Piaggio Vehicles Pvt. Ltd. has expanded its electric passenger vehicle portfolio with the launch of the Apé WavE, an electric three-wheeler designed for the affordable L3 passenger EV segment. Priced at a starting ex-showroom rate of ₹2.55 lakh in Pune, the new model aims to cater to shared mobility, fixed-route transport and short-distance passenger operations with a focus on affordability, comfort and operational efficiency. The vehicle is powered by a 5.4 kWh battery delivering 3 kW peak power and 25 Nm of torque, offers a certified range of 140 km, an estimated real-world range of about 110 km, a top…

17 Jul

MG’s multi-NEV platform signals next phase of India’s clean mobility transition

Business BureauBusiness

JSW MG Motor India's unveiling of MG ADAPT (Advance Drive Architecture Platform Technology), India's first Multi New Energy Vehicle (NEV) platform, marks a strategic shift towards flexible electrification as automakers respond to evolving consumer preferences and policy support for cleaner transportation. The modular architecture supports Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Range Extender Electric Vehicles (REEVs), enabling the company to cater to multiple market segments from a single technology platform. The company plans to launch one EV and one PHEV based on MG ADAPT by FY 2026-27. The platform combines a dedicated hybrid…

17 Jul

Federal Bank Reports Strong Q1 Earnings on Higher Interest Income

nanikaBusiness

Federal Bank has reported a strong financial performance for the first quarter of the financial year 2026-27, posting a 37 per cent year-on-year increase in net profit to ₹1,177 crore for the April–June quarter. The lender attributed the growth to higher net interest income (NII), improved net interest margins (NIM) and lower fresh loan slippages. The bank’s net interest income rose 26 per cent year-on-year to ₹2,946 crore, supported by healthy growth in advances and stronger margins. However, on a sequential basis, both net profit and NII declined by 7 per cent compared to the previous quarter. Federal Bank said…